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Banking body BIS urges decisive wave of global rate hikes to stem inflation

Banking body BIS urges decisive wave of global rate hikes to stem inflation

© Reuters. FILE PHOTO: Plastic letters arranged to read “Inflation” are placed on U.S. Dollar banknote in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to…

More Offshore Wind, Tesla’s ‘Money Furnaces’ And Green Hydrogen In Coal Country

More Offshore Wind, Tesla’s ‘Money Furnaces’ And Green Hydrogen In Coal Country

Share to FacebookShare to TwitterShare to LinkedinThis week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Getty Images On Thursday, the Biden Administration announced a partnership with 11 state governments to accelerate construction of offshore wind energy projects…

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Volkswagen Is Coming for Tesla’s Throne

The fight for the future begins on Monday. Volkswagen  (VWAGY) – Get Volkswagen AG ADR Report is launching a new weapon in its war with Tesla  (TSLA) – Get Tesla Inc. Report for world electric vehicle domination. The German automaker is slated to digitally debut the pre-production concept of its ID. AERO, its first fully-electric limousine for the…

European banks ace U.S. Fed’s stress test, show strong capital levels

European banks ace U.S. Fed’s stress test, show strong capital levels

2/2 © Reuters. A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse 2/2 By Michelle Price and Sinead Cruise WASHINGTON/LONDON (Reuters) -The U.S. units of major European lenders including Deutsche Bank (ETR:DBKGn), Barclays (LON:BARC) and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday,…